Suppose agricultural technology results in increased grain yield for U.S. farmers. The increased supply of grain will drive down grain prices. Because the demand for grain is price elastic, lower prices will result in lower total farm revenue

Which of the following influences the slope of the LM curve?

A) The interest-sensitivity of money demand B) The interest-sensitivity of investment C) The interest-sensitivity of government spending D) The interest-sensitivity of saving

Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price

a. True b. False Indicate whether the statement is true or false